Trade Finance Specialist

Position Title: TRADE FINANCE SPECIALIST

Reporting to: Finance Manager

Experience Required: 2 to 4 years
Location: Hyderabad, India
Notice: Immediate to 30 days

Email your CV: [email removed]

Major Responsibilities

• Review, advise on, and process letters of credit, ensuring compliance with terms and conditions of credit both on Import and Export transactions.
• Collaborate with suppliers, customers, and banks to resolve discrepancies and facilitate smooth negotiations.
• Ensuring clean negotiations of export letters of credit, proactively advising on potential discrepancies and suggestions for mitigating the same.
• Negotiating cost of funding with different banks for export LCs.
• Initiating internal approvals for import/export LCs.
• Handle and process documentary collections, ensuring accurate presentation of shipping and financial/commercial documents.
• Provide guidance to clients on the collection process and address any discrepancies.
• Bank Facility Utilization and Management: Optimize the interest/bank charges by carefully analyzing the available credit lines with the banks/treasury and utilizing them.
• Assess and manage risks associated with trade, including currency exposures, forex risks, and credit risks.
• Recommend and implement risk mitigation strategies such as hedging requirements wherever necessary.
• Evaluate and recommend appropriate financing options to meet the working capital needs of the company.
• Stay updated on international trade regulations / INCO terms and compliance requirements.
• Ensure that trade transactions adhere to legal and regulatory frameworks.
• Build and maintain strong relationships with banks, suppliers, and customers.
• Oversee and verify trade-related documents, including invoices, bills of lading, and certificates of origin.
• Provide expert advice to commercial teams on trade finance products, services, and best practices.
• Generate reports on trade finance activities, trends, and performance metrics.
• Analyze to identify areas for process improvement and optimization.

Qualifications:

• Graduate in Commerce / Finance
• At least 2 to 3 years of professional experience in Trade Finance Management / LCs
• Excellent computer skills, proficient with Microsoft suite of products (particularly Excel).
• Excellent Communication & Negotiation Skills
• A self-starter, able to work under pressure in a constantly changing environment.
• Team player, flexible, open-minded, commercial, responsible
• High level of motivation and positive approach
• Integrity, loyalty, and confidentiality
• Fluent English, any other languages a plus